This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Fed's Yellen More Concerned About Inflation Running Below 2% Target

NEW YORK (TheStreet) -- Federal Reserve Chair Janet Yellen on Wednesday said she is more worried in the near term about inflation running under the central bank's 2% target than jumping above it.

Speaking to the Economic Club of New York, an attendee asked Yellen if the Fed would raise the federal funds rate above the rate of inflation if it climbed above 2.5%.

Yellen responded by saying that the greater risk is running below the central bank's 2% inflation target, but the central banker added that this doesn't mean she believes it will happen.

The Fed chair said the Federal Open Market Committee would stand ready to adjust the pace of economic stimulus as warranted in case the economic outlook changed "materially."

"New Fed Chair Janet Yellen's speech to the Economic Club of New York today was perhaps a little less dovish than her comments over the past month," Paul Ashworth, chief U.S. economist at Capital Economics, wrote in a research note.

-- Written by Joe Deaux in New York.

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $132.83 0.14%
FB $81.47 -0.54%
GOOG $554.70 -0.12%
TSLA $233.91 1.00%
YHOO $44.48 0.27%


DOW 18,079.91 +41.94 0.23%
S&P 500 2,112.89 +3.97 0.19%
NASDAQ 5,064.0280 +3.7820 0.07%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs